1304 16th Terrace Cape Coral FL 33909
Overview of 1302-1304 Ne 16th Ter
Investors dream! This well-maintained duplex is a rare find, offering strong cash flow and long-term stability. Each spacious unit features 2 bedrooms + den, 2 baths, vaulted ceilings, open-concept living, tile flooring throughout, private laundry, and a 1-car garage. Tenants also enjoy screened porches and a 10x12 backyard concrete pad for outdoor living. Recent upgrades deliver peace of mind: new roof (2023), updated kitchen appliances and water heater in unit 1302, new water softener, and fresh interior paint in unit 1304. The property has city water/sewer with partial assessments already reflected in 2024 taxes, with balance carried in annual tax bill. Perfectly located near del prado blvd and pine island road, residents benefit from quick access to restaurants, shopping, and services while still enjoying a quiet neighborhood setting. one unit is rented to reliable, long-term tenant through feb 28, 2027 at $1,960/month. That is $23,520 of guaranteed annual income on day 1.the other side is freshly prepped and move-in ready. Perfect for an owner-occupant to "house hack" (live here and let the neighbor pay the mortgage!) or for an investor to place a second tenant at market rate ($2,000+). With both sides rented, potential gross income is ~$47,500/year. At this price, the returns are unbeatable. With dependable income and key capital expenditures already handled, this property is ready to perform from day one. Dont miss this exceptional opportunity to secure a profitable, low-maintenance duplex in the heart of cape coral!
This lovely property was built in 2006 and features 6 bedrooms, and 4 full bathrooms. This property for sale is 2,160 square feet, with 2,160 sq ft being air conditioned living space. The property has a does not have a private swimming pool.
Directions to this property are as follows: Gps.
Please contact your ZFC agent for more information about MLS# 2025010928 or any other properties for sale in Cape Coral or elsewhere in the Lee County area.
1302-1304 16th Ter Price Calculator
The payment calculator figures for 1302-1304 Ne 16th Ter should be used as an estimate only. Loan terms including interest rate, and required downpayment will vary with each lender and/or individual. RE taxes for this property for sale are estimated based on the actual property taxes for this property for the tax year 2024 which are $9,891 but will likely change when this property sells. These estimations are calculated from a list price of $399,900 and a 25% down payment and do not include homeowners insurance which will vary greatly depending on the property characteristics and location.
Recent Property Sales near 1302-1304 16th Ter
MLS# 2025010928 Listing History
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Open House Schedule for 1302-1304 NE 16th TER
Map of 1302-1304 16th Ter Cape Coral FL 33909
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